Patrick F.N. Anderson President & CEO FORWARD-LOOKING - PowerPoint PPT Presentation

High-Grade Gold in Northern Ireland August 2016 Patrick F.N. Anderson President & CEO

FORWARD-LOOKING INFORMATION AND QUALIFIED PERSON This presentation contains “forward looking information” which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its subsidiaries (collectively, “Dalradian”) and its mineral projects, the future price of metals, the estimation of mineral resources, the realization of mineral resource estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs and timing of the development of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of pending regulatory matters. Often, but not always, forward looking statements can be identified by the use of words and phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward looking statements are based on the opinions and estimates of management as of the date such statements are made and are based on various assumptions such as the continued political stability in Northern Ireland, that permits required for Dalradian’s operations will be obtained on a timely basis in order to permit Dalradian to proceed on schedule with its planned exploration and development programs, that skilled personnel and contractors will be available as Dalradian’s operations continue to grow, that the price of gold will be at levels that render Dalradian’s mineral projects economic, that the Company will be able to continue raising the necessary capital to finance its operations and realize on mineral resource estimates and current mine plans and that the assumptions contained in the Company’s PEA (as defined herein) are accurate and complete. Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Dalradian to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements. Such factors include, among others, general business, economic, competitive, political and social uncertainties; the actual results of current and future exploration activities; the actual results of reclamation activities; conclusions of economic evaluations; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; political instability; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled “Risk Factors” in the Company’s Annual Information Form for the year ended December 31, 2014 dated March 24, 2015 (the “AIF”) . Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward looking statements contained herein are made as of the date of this presentation and the Company disclaims any obligation to update any forward looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. Certain technical data in this presentation was taken from the NI 43-101 technical report entitled, “Technical Report for the Northern Ireland Gold Project, Northern Ireland”, dated June 17, 2016 and prepared by Dr. Jean-Francois Couture, PGeo (APGO#0197) and Dr. Oy Leuangthong, PEng (PEO#90563867), both of SRK Consulting (Canada) Inc. and Stacy Freudigmann, PEng (APEGBC #33972) of JDS Energy & Mining Inc., all of whom are independent Qualified Persons as defined by National Instrument 43-101, and is subject to all of the assumptions, qualifications and procedures described therein. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Eric Tremblay, P.Eng., Chief Operating Officer, and Greg Hope, M.Sc., MAIG, Exploration and Geology Manager with Dalradian Resources Inc., are the Qualified Persons who reviewed and approved the technical information in this presentation. The exploration data was based on the procedures described in the Company’s PEA and is subject to all of the assumptions, qualifications and procedures described therein. 2 2

PREMIUM ASSET IN A SCARCITY MARKET  High grade gold in the first world  Major de-risking of the project during 2016  Feasibility Study and submission of mine construction permit on target for H2 2016 3

502 days working underground 240 blasts 959 m of development 2 test stopes 0 lost-time accidents 0 non-compliance 130,000 m of drilling 4

CORPORATE

THE BOARD: TRACK RECORD OF FINDING, FUNDING AND BUILDING MINES SEAN ROOSEN JIM RUTHERFORD CHAIRMAN  Founder & CEO of Osisko Mining Corporation and Osisko Royalty Corporation  Former senior vice president of Capital International Investors,  ‘06 – Prospector of the Year - Quebec responsible for mining investments  ‘08 – Prospector of the Year - Canada  Native of Northern Ireland  ‘09 – Northern Miner Man of the Year DR. NICOLE ADSHEAD-BELL THOMAS OBRADOVICH  More than 20 years of experience in the mining sector and capital markets  Founder & Former CEO of Young-Davidson Mines  Former Director of Mining Research at Sun Valley Gold  Former Director of Aurelian Resources PATRICK F. N. ANDERSON PRESIDENT & CEO JONATHAN RUBENSTEIN  Founder & Former CEO of Aurelian Resources  Director of Eldorado Gold, Detour Gold, MAG Silver  2008 – PDAC International Mineral Discovery  Former Director of Aurelian Resources, Sutton Resources, Canico  2008 – Northern Miner Man of the Year Resource and Cumberland Resources PATRICK “PADDY” DOWNEY  Former CEO of Elgin Mining , Aura Minerals and Viceroy Exploration  Native of Northern Ireland RONALD GAGEL  CFO of TMAC Resources ; Former CFO of FNX Mining and Aur Resources  2013 – PDAC Distinguished Service Award 6

CORPORATE SUMMARY $2.50 Stephen Walker $2.50 $2.25 $2.25 Eric Zaunscherb Analyst targets range from $2.00 $1.50-$2.50 120p Jonathan Guy $1.75 $2.00 Andrew Breichmanas $1.50 $1.50 August 19, $2.00 Tyron Breytenbach 2016 $1.25 $1.95 Adam Melnyk $1.00 $1.85 Ron Stewart $0.75 $1.80 Ryan Walker $0.50 $0.25 $1.65 Michael Curran $0.00 $1.50 Jamie Spratt Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 SHARE CAPITALIZATION AND 12 CASH POSITION 10 8 Volume (Millions) Shares outstanding of 6 217 million and fully diluted of 299 million as of May 4, 2016 4 2 Cash position of $23 million 0 as of June 30, 2016 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 All dollars quoted in $ CAD 7

CURRAGHINALT DEPOSIT

MINERAL PROJECTS IN IRELAND AND THE UK Gold  Our flagship asset: Curraghinalt, Base Metals orogenic high-grade gold deposit Other Calliacher-Urlar Burn Exploration  Excellent regional infrastructure Irish Salt (Kilroot) UG Mine  Over 84,000 hectares under license Scotgold (Cononish) Permitted Conroy (Clontibret) Gold exploration Curraghinalt Gold Deposit N O R T H E R N Cleveland I R E L A N D Potash (Boulby) In production Galantas (Cavanacaw) Curraghinalt Permitted UG mine Lonmin Boliden (Tara) Sirius (York Potash) In production Croagh Patrick In development Gold deposit Irish Salt Vedanta (Lisheen) Gold Mines of Wales Mining Gortin Previous producer (Gwynfynydd/Clogau) Galantas Exploration/former mines Omagh Gold BELFAST Wolf (Hemerdon) Tungsten producer Conroy IMC Exploration (Avoca) Diamonds Xstrata (Pallas Green) & Gold Exploration Feasibility Lundin (Galmoy) Previous producer 9

CURRAGHINALT RESOURCE  Since 2010, we have grown the resource more than 6-fold over 4 updates  May 2016 resource update more than doubled M&I ounces in support of FS, with minimal loss of Inferred ounces  High-grade gold resource 1  Measured: 0.03 MT grading 26.99 g/t Au for 25,000 contained ounces  Indicated: 5.58 MT grading 11.53 g/t Au for 2.07 million contained ounces  Inferred: 7.13 MT grading 10.06 g/t Au for 2.31 million contained ounces  Based on more than 130,000 m of drilling  Deposit is open in all directions 1 Refer to technical report dated June 17, 2016 10